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After All Revenue and Expense Accounts,other Than Income Tax Expense,have

Question 89

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After all revenue and expense accounts,other than Income Tax Expense,have been extended to the Income Statement section of the worksheet of Carlton Corporation,the net income is determined to be $75,000.Using the following corporate income tax rates,compute the corporation's federal income taxes payable.(Assume that the firm's taxable income is the same as its income for financial accounting purposes. ) After all revenue and expense accounts,other than Income Tax Expense,have been extended to the Income Statement section of the worksheet of Carlton Corporation,the net income is determined to be $75,000.Using the following corporate income tax rates,compute the corporation's federal income taxes payable.(Assume that the firm's taxable income is the same as its income for financial accounting purposes. )

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